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(SALM) Salem Media complete technical analysis [charts+indicators] | Buy/Sell Salem Media | (SALM) share price targets

Complete technical analysis of Salem Media (SALM) by charts plus indicators, forecast predictions and share price targets for Salem Media (SALM)

Salem Media trades in USA in Consumer Services sector.

Showing technical analysis as on 2023-12-20 View latest technical analysis

10 day averaged volume of Salem Media is 44690

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	0.53	0.55	0.58	0.53	2.314 times
19 Tue Dec 2023	0.57	0.55	0.59	0.55	1.029 times
18 Mon Dec 2023	0.54	0.55	0.58	0.52	2.135 times
15 Fri Dec 2023	0.55	0.54	0.57	0.54	0.539 times
14 Thu Dec 2023	0.54	0.52	0.58	0.52	2.108 times
13 Wed Dec 2023	0.53	0.55	0.56	0.52	1.719 times
12 Tue Dec 2023	0.55	0.57	0.58	0.55	0.814 times
11 Mon Dec 2023	0.58	0.58	0.59	0.57	0.407 times
08 Fri Dec 2023	0.58	0.58	0.59	0.57	0.564 times
07 Thu Dec 2023	0.58	0.57	0.60	0.57	0.347 times

Stock of Salem Media (SALM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.5 as stoploss in an intra day buy trade for a target of 0.57. However, stock will show a bearish move below 0.5.

Share price targets for Salem Media (SALM)

Target Type	Value
Downside Target	0.52
Upside Target	0.54
Upside Target	0.56
Upside Target	0.62
Upside Target	0.63
Upside Target	0.69
Upside Target	0.78
Upside Target	0.80
Upside Target	0.98

Intraday share price targets for Salem Media (SALM)

Target Type	Value
Downside Intraday Target	0.5
Downside Intraday Target	0.48
Upside Intraday Target	0.57
Upside Intraday Target	0.62
Upside Intraday Target	0.55

Weekly technical analysis of Salem Media (SALM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	0.53	0.55	0.59	0.52	0.98 times
15 Fri Dec 2023	0.55	0.58	0.59	0.52	2.973 times
08 Fri Dec 2023	0.58	0.61	0.62	0.57	0.828 times
01 Fri Dec 2023	0.62	0.59	0.63	0.57	0.422 times
24 Fri Nov 2023	0.60	0.62	0.62	0.58	0.835 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Salem Media (SALM)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	0.53	0.59	0.62	0.52	0.735 times
30 Thu Nov 2023	0.60	0.68	0.80	0.57	1.67 times
31 Tue Oct 2023	0.67	0.60	0.78	0.59	0.484 times
29 Fri Sep 2023	0.59	0.62	0.69	0.54	0.723 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Salem Media (SALM)

Price action analysis of Salem Media ( (SALM) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Salem Media ( (SALM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Salem Media ( (SALM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Salem Media ( (SALM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Salem Media stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Salem Media in short term and the sell signal is strong.

Salem Media Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Salem Media in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Salem Media is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.54 and Salem Media (SALM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Salem Media (SALM) stock. Volume based technical analysis of Salem Media (SALM) stock is negative.

Salem Media Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.